  YBC income drops by 24% despite 9,4% output growth  September 14, 2011 - 16:19 AMTPanARMENIAN.Net - Yerevan Brandy Company output grew by 9,4% to total 2mln 842 thous. liters in 2010-2011 fiscal year, according to Company CEO. As Ara Grigoryan told a news conference in Yerevan, despite the progress shown, the 2010-2011 output falls behind that of pre-crisis year 2007 by 11-12%, with 24% drop in income reported. The CEO explained the situation by reduced product prices and investments made.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Freedom House: “Why are there no Armenians in Nagorno Karabakh?”  Freedom House has published a report summary titled “Why are there no Armenians in Nagorno Karabakh?”Armenia says wants expanded transport, energy connectivity Pashinyan says Armenia is interested in the expansion of connectivity in transport, energy, telecommunications and other directions.Aliyev: Change in Armenia’s Constitution key for singing peace deal Ilham Aliyev has declared that most important condition for signing a peace agreement is for Armenia to change its Constitution.U.S. sees “extraordinary” opportunity for peace between Armenia, Azerbaijan U.S. Secretary of State Antony Blinken believes there is an “extraordinary” opportunity to reach a peace agreement between Armenia and Azerbaijan. |
